Ronaldo’s Binance Lawsuit Takes Unexpected Turns
In the ongoing legal battle against Cristiano Ronaldo's involvement with the Binance campaign, plaintiffs seek alternative means to contact the football star due to difficulties in reaching him in Saudi Arabia.
Proposed methods include email, social media, and a dedicated website for sharing lawsuit documents, all deemed consistent with The Hague Conventions.
Ronaldo’s current location remains undisclosed, with his last known residence in Saudi Arabia. The plaintiffs consider reaching him through his active presence on the X platform and contemplate sending court documents via email and a customized website.
Initiated as a class-action lawsuit in Florida on November 27, 2023, the legal action alleges Ronaldo’s role in promoting unregistered securities through his association with Binance. The claim centers on the lack of cryptocurrency investment warnings in Ronaldo’s endorsements. The collaboration began in 2022, focusing on an NFT collection showcasing Ronaldo’s career.
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Legal expert Jemma Fleetwood suggests Ronaldo may consult legal counsel, introducing uncertainty in the resolution timeline, compounded by summons delays.
Potential challenges for the plaintiffs include the court’s rejection of claims due to perceived causation gaps. Celebrity endorsements, as seen in a similar case involving Kim Kardashian and Floyd Mayweather, were dismissed, emphasizing investors’ responsibility. Ronaldo could argue his promotions were unrelated to Binance’s operations.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
